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Microsoft Sets Sights on iPhone

Good news for people who just can’t get enough of the Microsoft Zune (here’s looking at you, President Obama): Microsoft and Verizon are in talks to launch a touch-screen multimedia cellphone to take on the iPhone and AT&T. Microsoft is already a major player in software for cell phones, but wants a whole device to rival Apple’s. Details are sparse, as The Wall Street Journal report is based on leaks from "people familiar with the matter."